How Much You Pay for Life Insurance Depends on Three Major Factors

Posted on: March 8, 2023 By: Gee-Schussler Blogging Team
Factors affecting cost of life insurance

Life insurance is a critical financial product that helps protect your loved ones in the event of your untimely death. However, many people are unsure about how much they will pay for life insurance. The cost of life insurance depends on several factors, including the coverage you want, the type of policy you get, and how much risk you pose. In this blog, we'll explore these three major factors in detail and help you understand how they impact the cost of life insurance. Factors Affecting Read More

How Can You Reinstate Your Lapsed Life Insurance Policy?

Posted on: February 15, 2023 By: Gee-Schussler Blogging Team
Tips to reinstate lapsed life insurance policy

Life insurance is a critical component of a financial plan and provides a sense of security to many families. What happens when your policy lapses? Understanding the process of reinstating a lapsed policy is essential to ensuring your loved ones are taken care of even after your death. In this blog, we will discuss what happens if you miss a life insurance payment, how a policy lapses, and how to reinstate a lapsed policy. Consequences of Missing Out on a Life Insurance Payment Life Read More

Common Reasons for Denial of Life Insurance Claims by Insurers

Posted on: August 11, 2022 By: Gee-Schussler Blogging Team
Common Reasons for Denial of Life Insurance Claims by Insurers

Life insurance is a wonderful way to give your family a safety net. Even though having life insurance can provide you peace of mind, you might be curious about how frequently life insurance claims are turned down, leaving beneficiaries with nothing. The good news is that most insurers cover the cost of funerals and other expenses after denying your claim. However, there are some common life insurance rejection reasons. Let’s find out more about them in this blog. Can Life Insurance Companies Read More

Debunking 10 Common Myths About Life Insurance

Posted on: April 15, 2022 By: Gee-Schussler Blogging Team
Common Myths About Life Insurance

There are many myths surrounding life insurance that can cause you to think twice before buying. Before you decide, call an agent to know the truth, and then work together to find an insurance policy that works for you and your family. Here are some common myths about life insurance that we have debunked. Single and No Dependents, No Need for Life Insurance Just because you are single with no dependents, it doesn't mean that you don't have financial obligations. Student loans, car loans, Read More

Do I Still Need Life Insurance After I Have Retired?

Posted on: March 23, 2022 By: Gee-Schussler Blogging Team
Do I Still Need Life Insurance After I Have Retired

Retirement should be a time for you to enjoy everything you missed out on while working. The fact is, more people are continuing to work in some capacity, long after retirement age. When you do get a chance to retire, it's up to you to make the most of it. So, what about life insurance? Do you still need it? Is it still something you want to spend your money on? You may be surprised that you don't need your policy now as much as you did ten or twenty years ago when you bought it. This article Read More

Why Does a Universal Life Insurance Policy Expire?

Posted on: February 4, 2021 By: Gee-Schussler Blogging Team
Your term life policy is expiring

In the 1980s and 1990s, insurance companies came up with a hybrid life insurance policy called a Universal Policy. These policies offered the benefits of both term and whole life policies with one primary difference. They were not guaranteed to payout. When these policies were written, the instructions on how they worked were extremely vague. Now, many of the policies are starting to expire, and people wonder why. How Universal Life Insurance Policies Work Universal insurance policies were Read More

What New Parents Must Know About Life Insurance

Posted on: January 21, 2021 By: Gee-Schussler Blogging Team
life insurance for parents

Many people look at life insurance as a luxury they can't afford. New parents are always looking for ways to provide their children with the things they will need to live comfortably, even if they aren't around. The best way to do that is to purchase a life insurance policy that will protect their financial future. The right type of life insurance will do more than just provide your children with basic needs. Take Care of Your Children's Needs If something were to happen to you, the death Read More